TaxPersonal TaxStamp duty claims against Revenue mount up

Stamp duty claims against Revenue mount up

Home-owners in deprived areas free of stamp duty on property transactions, who have been wrongly told they have to pay the charge, are reclaiming up to £500,000 a month in overcharged duty.

Link: Stamp duty reform work canned

Economic secretary John Heald admitted this in the Commons. He told MPs it was the taxpayer’s duty to claim the stamp duty relief for properties under £159,000 in areas designated according to council wards.

The Inland Revenue’s website postcode search facility was merely a tool designed to help them, he said.

The Revenue was aware ‘of some problems’ particularly where properties straddled ward boundaries or were on new developments and were refunding stamp duty with interest at the rate of around 300 claims a month, he said.

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

2w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter